Waterfront
Address
123 Founders Ln, Memphis, TN
Price
$ 1,294,800
Property Attributes
- MLS#10221414
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaSouth Bluffs-Downtown
- NeighborhoodFOUNDERS POINTE PH1
- Zip38103
- StyleTraditional,Soft Contemporary
- Year Built1998
- Taxes$ 13495
- Price$ 1,294,800
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage5289
- Lot Size0.2 Acres
Data Source:
Memphis MLS (MAAR)
Property Description
New Price! Private gated downtown living with breathtaking river & bridge views! Around $600,000 renovation over the past 3 years, this stunning 3 story residence offers refined finishes & exceptional indoor-outdoor spaces. Currently configured as a 3-bedroom home,it can easily function up to 5 bedrooms - or a 3 bedroom main home with 2 private apartments. The chef’s dream kitchen is complemented by lux marble, Wolf /Thermador appliances, & custom cabinets. If that wasn't enough, there's also a scullery, catering kitchen, temperature-controlled wine room, & lower-level kitchen. Custom folding doors open the screened porch to the main living area for seamless entertaining. White Oak wide plank floors throughout are sure to impress, & the upper balcony is perfect for sunset views. The fabulous riverfront primary suite features a private coffee bar & an ultra-lux spa bath. Square footage exceeds city tax records-5289 sqft according to seller. Luxury, flexibility, & View! See virtual tour!
| Price History | |
|---|---|
| 5/12/2026 | Listed $1,349,900 |
| 5/27/2026 | 4$1,299,900 |
| 6/5/2026 | 1$1,299,800 |
| 6/11/2026 | 1$1,299,700 |
| 7/16/2026 | 1$1,294,900 |
| 8/6/2026 | 1$1,294,800 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Fireplaces | 3 |
| Status | Active |
| Full Baths | 4 |
| Half Baths | 1 |
| Other Rooms | Laundry Room,Bonus Room,Internal Expansion Area,In-Law Quarters,2nd Kitchen,Finished Basement,Entry Hall,Scullery |
| Legal Subdivision Name | FOUNDERS POINTE P D PHASE 1 PARCEL 1 |
| Style | Traditional,Soft Contemporary |
| Stories Count | 2 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 745A |
| Parcel Number | 002086 A00019 |
| Annual Association Fee | 1500 |
| Status | Active |
| Annual City Tax | 6608 |
| Annual County Tax | 6887 |
| Sale/Rent | For Sale |
| Neighborhood Amenities | Gated Neighborhood |
| Area | South Bluffs/Downtown |
| Service Type | Full Service Listing |
| Neighborhood Association | Mandatory |
| Year Built | 1998 |
| Directions | Take Channel 3 Drive towards the river. Turn right into Founders Pointe gated community. Once past the gated entrance turn left,then left again. House is on the right at the end of the block. |
| City | Memphis |
| Virtual Tour | https://www.youtube.com/watch?v=smtTsjWV6tU |
| DOM | 128 |
Interior Features
| Living Room | Great Room,LR/DR Combination,Updated/Renovated Kitchen,Eat-In Kitchen,Breakfast Bar,Pantry,Island In Kitchen |
|---|---|
| Bedroom 4 Dimensions | 40x16 |
| Kitchen Dimensions | 17x17 |
| Living Room Dimensions | 10x16 |
| Bedroom 3 Dimensions | 14x12 |
| Bedroom 2 Dimensions | 14x12 |
| Beds | 4 |
| Total Baths | 4.1 |
| Fireplace | In Living Room,In Primary Bedroom,In Other Room |
| Number of Rooms | 11 |
| Downstairs Bedrooms | 1 |
| Play/Bonus Room Dimension | 18x13 |
| OFFICE DESCRIPTION | Level 2,Smooth Ceiling,Hardwood Floor |
| BEDROOM 4 DESCRIPTION | Basement,Private Full Bath,Smooth Ceiling,Vinyl/Luxury Vinyl Floor |
| MISC. INTERIOR | All Window Treatments,Wet Bar,Walk-In Closet(s),Attic Access,Security System,Vent Hood/Exhaust Fan |
| FLOORS/CEILINGS | Part Hardwood,Tile,Vinyl/Luxury Vinyl Floor,Smooth Ceiling,9 or more Ft. Ceiling,Other (See REMARKS) |
| INTERIOR EQUIPMENT | Range/Oven,Double Oven,Gas Cooking,Disposal,Dishwasher,Microwave,Refrigerator,Separate Ice Maker |
| BEDROOM 3 DESCRIPTION | Level 2,Shared Bath,Smooth Ceiling,Hardwood Floor |
| BEDROOM 2 DESCRIPTION | Level 2,Walk-In Closet,Shared Bath,Smooth Ceiling,Hardwood Floor |
| Office Dimensions | 16x9 |
Exterior Features
| Foundation | Conventional |
|---|---|
| Pool | None |
| Lot | 15 |
| Lot Size Area | 0.2 |
| Water & Sewer | Public Sewer,Public Water |
| Lot Size | 73X125 |
| Parking Display | G2A |
| Lot Description | Some Trees,Water Frontage,Water View,Cove,Professionally Landscaped |
| # Covered Parking Spaces | 2 |
| PARKING/STORAGE | Garage Door Opener(s),Side-Load Garage,Other (See REMARKS) |
| EXTERIOR/WINDOWS | Brick Veneer,Other (See Remarks) |
| Misc. Exterior | Screen Porch,Deck,Balcony |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38103
Price
Taxes
Year Built
Visits
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